Ero Copper Financial Statements From 2010 to 2022

ERO
 Etf
  

USD 9.36  0.19  1.99%   

Ero Copper financial statements provide useful quarterly and yearly information to potential Ero Copper Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Ero Copper financial statements helps investors assess Ero Copper's valuation, profitability, and current liquidity needs.
Ero Copper Corp does not presently have any fundamental signals for analysis.
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Check Ero Copper financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ero Copper main balance sheet or income statement drivers, such as Consolidated Income of 173.7 M, Cost of Revenue of 180.7 M or Earning Before Interest and Taxes EBIT of 211 M, as well as many exotic indicators such as Asset Turnover of 0.87, Book Value per Share of 4.11 or Current Ratio of 1.67. Ero Copper financial statements analysis is a perfect complement when working with Ero Copper Valuation or Volatility modules. It can also supplement various Ero Copper Technical models. Continue to the analysis of Ero Copper Correlation against competitors.

Ero Copper Revenues

469.91 Million

Share

Ero Copper Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets681.4 M689.8 M499.6 M
Increasing
Slightly volatile
Cash and Equivalents110.3 M130.1 M41.9 M
Increasing
Slightly volatile
Deferred Revenue84.3 M84.8 M92.7 M
Decreasing
Slightly volatile
Property Plant and Equipment Net482.4 M477.5 M382.2 M
Increasing
Slightly volatile
Inventory27.4 M26 M21 M
Increasing
Slightly volatile
Tax Assets2.4 M2.3 M11.5 M
Decreasing
Slightly volatile
Trade and Non Trade Receivables27.5 M30.7 M12 M
Increasing
Slightly volatile
Trade and Non Trade Payables65.4 M66.5 M47.4 M
Increasing
Slightly volatile
Total Liabilities317.2 M294.3 M271.6 M
Increasing
Slightly volatile
Shareholders Equity362 M393.1 M226.9 M
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit304.7 M354.9 M141.2 M
Increasing
Slightly volatile
Current Assets189.3 M208.7 M98.6 M
Increasing
Slightly volatile
Assets Non Current492.1 M481.1 M401.1 M
Increasing
Slightly volatile
Current Liabilities121.5 M122.7 M87.7 M
Increasing
Slightly volatile
Liabilities Non Current167 M171.6 M181.6 M
Decreasing
Slightly volatile
Tax Liabilities8.1 M7.2 M16.6 M
Decreasing
Slightly volatile
Total Debt91 M66.4 M150.6 M
Decreasing
Slightly volatile
Debt Current11.1 M9.1 M19.7 M
Decreasing
Slightly volatile
Debt Non Current79.9 M57.3 M130.9 M
Decreasing
Slightly volatile
Shareholders Equity USD362 M393.1 M226.9 M
Increasing
Slightly volatile
Cash and Equivalents USD110.3 M130.1 M41.9 M
Increasing
Slightly volatile
Total Debt USD91 M66.4 M150.6 M
Decreasing
Slightly volatile

Ero Copper Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues469.9 M489.9 M317.9 M
Increasing
Slightly volatile
Cost of Revenue180.7 M171.1 M162.8 M
Increasing
Very volatile
Selling General and Administrative Expense40.6 M38.8 M37.3 M
Decreasing
Stable
Operating Expenses52.1 M49.6 M44.5 M
Increasing
Slightly volatile
Interest Expense13.1 M12.2 M18.8 M
Decreasing
Slightly volatile
Income Tax Expense37 M34.3 M(7.4 M)
Increasing
Slightly volatile
Consolidated Income173.7 M202.6 M104.1 M
Increasing
Slightly volatile
Net Income to Non Controlling Interests1.4 M1.6 M737.7 K
Increasing
Slightly volatile
Net Income172.3 M201.1 M103.4 M
Increasing
Slightly volatile
Net Income Common Stock172.3 M201.1 M103.4 M
Increasing
Slightly volatile
Weighted Average Shares96.8 M88.6 M86.5 M
Increasing
Slightly volatile
Weighted Average Shares Diluted86.4 M91 M91 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT211 M247.5 M113.9 M
Increasing
Slightly volatile
Revenues USD469.9 M489.9 M317.9 M
Increasing
Slightly volatile
Net Income Common Stock USD172.3 M201.1 M103.4 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD211 M247.5 M113.9 M
Increasing
Slightly volatile
Gross Profit289.2 M318.9 M155.1 M
Increasing
Slightly volatile
Operating Income237.1 M269.3 M110.6 M
Increasing
Slightly volatile

Ero Copper Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Investment Acquisitions and Disposals2.5 M2.3 M105.5 K
Increasing
Slightly volatile
Net Cash Flow from Financing(118.5 M)(115.4 M)(31.8 M)
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares5.2 M5.5 M2.7 M
Increasing
Slightly volatile
Net Cash Flow from Operations318.3 M364.6 M163.4 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents57 M67.6 M14.7 M
Increasing
Slightly volatile
Share Based Compensation8.5 M7.8 M6.4 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion50.5 M47.3 M46.1 M
Increasing
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share1.962.271.2021
Increasing
Slightly volatile
Earnings per Diluted Share1.892.211.1357
Increasing
Slightly volatile
Earnings per Basic Share USD1.962.271.2021
Increasing
Slightly volatile
Return on Average Equity0.620.6640.311
Increasing
Slightly volatile
Return on Average Assets0.30.3390.1409
Increasing
Slightly volatile
Return on Invested Capital0.440.4870.1957
Increasing
Slightly volatile
Gross Margin0.660.6510.4751
Increasing
Slightly volatile
Profit Margin0.390.410.3222
Increasing
Very volatile
EBITDA Margin0.60.6020.5003
Increasing
Stable
Return on Sales0.480.5050.3489
Increasing
Slightly volatile
Asset Turnover0.870.8260.7017
Increasing
Slightly volatile
Enterprise Value over EBITDA4.034.054.4273
Decreasing
Slightly volatile
Enterprise Value over EBIT4.474.54.9211
Decreasing
Slightly volatile
Price to Earnings Ratio6.036.066.6294
Decreasing
Slightly volatile
Sales per Share5.355.5293.6952
Increasing
Slightly volatile
Price to Sales Ratio2.482.492.7218
Decreasing
Slightly volatile
Price to Book Value3.093.113.3987
Decreasing
Slightly volatile
Debt to Equity Ratio0.870.7491.2502
Decreasing
Slightly volatile
Current Ratio1.671.7011.0885
Increasing
Slightly volatile
Free Cash Flow per Share1.642.0630.5194
Increasing
Slightly volatile
Book Value per Share4.114.4362.6356
Increasing
Slightly volatile
Tangible Assets Book Value per Share7.767.7855.8136
Increasing
Slightly volatile

Ero Copper Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax195.3 M235.3 M94.9 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA261.5 M294.8 M160 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD261.5 M294.8 M160 M
Increasing
Slightly volatile
Market Capitalization1.2 B1.2 B1.3 B
Decreasing
Slightly volatile
Enterprise Value1.2 B1.2 B1.3 B
Decreasing
Slightly volatile
Invested Capital480.6 M503.3 M515.9 M
Decreasing
Slightly volatile
Average Equity306.6 M302.9 M220.7 M
Increasing
Slightly volatile
Average Assets623 M593.4 M499.6 M
Increasing
Slightly volatile
Invested Capital Average483.2 M508 M513.6 M
Decreasing
Slightly volatile
Tangible Asset Value681.4 M689.8 M499.6 M
Increasing
Slightly volatile
Free Cash Flow144.3 M182.8 M45.2 M
Increasing
Slightly volatile
Working Capital92.8 M86 M12.7 M
Increasing
Slightly volatile

Ero Copper Fundamental Market Drivers

Forward Price Earnings103.33
Shares Short Prior Month578.23k
Average Daily Volume Last 10 Day86.38k
Average Daily Volume In Three Month82.48k
Date Short Interest14th of January 2022
Fifty Day Average12.30
Two Hundred Day Average15.01

Ero Copper Upcoming Events

Upcoming Quarterly Report15th of March 2022
Next Financial Report3rd of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End15th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Ero Copper Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Ero Copper income statement, its balance sheet, and the statement of cash flows. Ero Copper investors use historical funamental indicators, such as Ero Copper's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ero Copper investors may use each financial statement separately, they are all related. The changes in Ero Copper's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ero Copper's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ero Copper Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ero Copper. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue84.8 M84.3 M
Cost of Revenue171.1 M180.7 M
Revenues489.9 M469.9 M
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper is listed under Copper in the United States and is traded on New York Stock Exchange exchange.

Ero Copper Investors Sentiment

The influence of Ero Copper's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ero Copper. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ero Copper in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ero Copper's short interest history, or implied volatility extrapolated from Ero Copper options trading.

Current Sentiment - ERO

Ero Copper Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Ero Copper Corp. What is your opinion about investing in Ero Copper Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Ero Copper

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ero Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ero Copper will appreciate offsetting losses from the drop in the long position's value.

Ero Copper Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Ero Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ero Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ero Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ero Copper Corp to buy it.
The correlation of Ero Copper is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ero Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ero Copper Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ero Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Ero Copper Correlation against competitors. Note that the Ero Copper Corp information on this page should be used as a complementary analysis to other Ero Copper's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Ero Copper Corp price analysis, check to measure Ero Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ero Copper is operating at the current time. Most of Ero Copper's value examination focuses on studying past and present price action to predict the probability of Ero Copper's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ero Copper's price. Additionally, you may evaluate how the addition of Ero Copper to your portfolios can decrease your overall portfolio volatility.
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The market value of Ero Copper Corp is measured differently than its book value, which is the value of Ero Copper that is recorded on the company's balance sheet. Investors also form their own opinion of Ero Copper's value that differs from its market value or its book value, called intrinsic value, which is Ero Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ero Copper's market value can be influenced by many factors that don't directly affect Ero Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ero Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine Ero Copper value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ero Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.